LSQ originated a $1.5 million credit facility for a Pennsylvania-based manufacturer of briquettes for the steel industry. The company will utilize the proceeds to increase current production and support future growth.
In addition to the working capital, LSQ will also provide the manufacturer with accounts receivable and customer credit management.
“It’s always exciting to work with a new client, learn their business and find creative ways to help them grow,” D.J. Krystopa, regional vice president at LSQ, said. “We are thankful the company has put their trust in us and to the partner for working with us to make this happen for the client.”
